会计英语(西方会计学)chapter2-accountingcycle绪论.pptVIP

Chapter2 Accounting Cycle(continued);Review ;Part1: Introduction;0.Adjustments;Here is the check for my 24-monthinsurance policy.;E.g.: On 1/1/2013, Amy’s enterprise paid $2,400 for insurance for 2-years. The enterprise recorded the expenditure as Prepaid Insurance on 1/31/2013. What adjustment is required?;Straight-Line Depreciation Expense;E.g.: On 1/10/2013, Amy’s enterprise purchased equipment for $56,000 cash. The equipment has an estimated useful life of four years (48 months) and The enterprise expects to sell the equipment at the end of its life for $8,000 cash. Please record depreciation expense for the month ended 2/28/2013.;; On December 26, 2013, Amy’s enterprise agrees to provide consulting services to a client for a fixed fee of $3,000 for 60 days. On this date, the client pays the entire consulting fee in advance. The enterprise makes the following entry:;We’re about one-half done with this job and want to be paid forour work!;E.g: On10/31/2013, Austin Data Services recorded three days of unpaid salaries of $ 20,000. The total salaries of $ 50,000 for the five-day workweek would be paid on 11/03/2013. The adjustment and subsequent payment of salaries are illustrated as follows:;Yes, I’ve completed yourconsulting job, but have not had time to bill you yet.;E.g.: On 12/12/2013, Amy’s enterprise agrees to render consulting services under a 30-day fixed fee contract for $2,700 ($90 per day). All services are to be completed by 01/10/2014, when the client will pay in full.;Transaction Date;1;2;3;4;5;Enter the ledger reference.;Examples in the Textbook (P. 30);Posting to the Ledger;3. Prepare a Trial Balance;The trial balance lists all account balances in the general ledger. If the books are in balance, the total debits will equal the total credits.;Searching for and Correcting Errors;Using a Trial Balance to Prepare Financial Statements;Part2: Dialogue;读小数的秘诀 (1) 小数点前面的数字照一般基数的念法，最后的数字要分开念。 36.47 thirty-six point four seven (2) 小数点前面的整数为